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Wednesday, May 5, 2010

Greek transport halts as anti-austerity strike extends


Public anger in Greece is growing over government austerity measures
A general strike has been called across Greece as protests against planned spending cuts and tax rises continue.
Trains, planes and ferries are at a standstill as transport workers join public sector workers who began their own 48-hour strike on Tuesday.
Austerity measures planned in return for a 110bn euro (£95bn) international rescue package for the debt-struck economy have sparked widespread anger.
The Greek parliament is to vote on the measures by the end of the week.
Measures include wage freezes, pension cuts and tax rises. They aim to achieve fresh budget cuts of 30bn euros over three years, with the goal of cutting Greece's public deficit to less than 3% of GDP by 2014. It currently stands at 13.6%.
The general strike is the third to hit Greece in as many months.
Meanwhile, the German parliament has begun considering the bail-out plan for Greece.
Chancellor Angela Merkel will defend her government's decision to take part in the deal agreed by European finance ministers, which requires Germany to pay the largest proportion of the loans to be made available to Greece.

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